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VAT amendments not included in the second reading: Minister

14 July 2016 03:09 pm - 3     - {{hitsCtrl.values.hits}}

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The Government will not present the proposed amendments to the VAT for the second reading in Parliament next Wednesday (20), State Finance Minister Lakshmana Yapa Abeywardana said today.

“A four member ministerial committee will submit a new set of proposals to President Maithripala Sirisena on Sunday (17) on how further relief can be provided on essential commodities,” he said.

Addressing the weekly SLFP media briefing at the party office Minister Abeywardana said VAT increase was not effective on any single commodity or service now and if any trader of service provider charged the increased 4 percent it was illegal and punishable under the law.

Responding to a journalist on charging of VAT by certain retail outlets, private hospitals and telecommunication companies, Minister Abeywardana said it was a violation of the law and the Government would take steps to rectify it, either by taking legal action against errant traders, telecommunication companies and private hospitals or make them repay the illegal tax collection.

Pic by Gayan Amarasekara

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  Comments - 3

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 
  • Hybrid kolam Thursday, 14 July 2016 03:21 PM

    Whose word to obey ? .. President's man Lakshman's word or PM's statement from Temple Trees ?

    Pds Thursday, 14 July 2016 05:16 PM

    All what we want is consistency from this set of kokers.

    Tax Payer Thursday, 14 July 2016 05:25 PM

    Total bungling idiots. via DM Android App


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See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.